OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Congress Must Act to Avoid a Default

Floor Speech

Date: Oct. 7, 2015
Location: Washington, DC
Issues: Government Operations Health Insurance Economy and Fiscal Immigration

BREAK IN TRANSCRIPT

Mr. GALLEGO. Mr. Speaker, I rise today in full support of President Obama's announcement on Friday that he will not negotiate with the Republican Congress over raising the debt limit.

This is the right decision because there is nothing to negotiate. There is only one simple path forward: to pass a clean debt limit extension that protects our Nation's full faith and credit.

Unfortunately, last week the majority leader and the presumptive next Speaker of the House went on national television and committed to fight to the end to defund the ACA and the President's immigration executive actions while trying to stop the debt limit increase. I fear--as we all should--what this might mean.

Are he and the House Republicans going to threaten to shut down the government to pursue this extreme agenda? Are they going to hold our Nation's full faith and credit hostage?

Mr. Speaker, for 5 years now, House Republicans have hurtled the Congress and the country from one manufactured crisis to another. This must stop and must stop now. With only 30 days left before we hit the debt limit, the Republican Congress should act immediately to take the prospect of a catastrophic default off the table.

BREAK IN TRANSCRIPT


Source
arrow_upward